. there are certain laws that are in place that sort of make illegal the possession of machine guns, but in terms of things like the ar-15, in terms of a lot of these some automatics this are on the market, there is actually no regulation, it sounds like. gun manufacturers get to decide what they want to market to the consumer. is that right? >> right. guns are the only consumer good that is not regulated by the federal government. there are actually more federal regulation on manufacturing bb guns than there are real guns, so it really is, you know, francly ridiculous when you look at it like that, and i think what you brought up of guns making it into the illegal market, which is a big problem, we have to realize that 40% of all gun sales in this country every year go unchecked. i mean, that's a really easy way for a legitimate gun to fall into the hands of an illegitimate person, and we need to fix that problem, and the president's proposals will do just that. >> let me bring in our wonderful panel here in new york. hans, harry reid is bringing to theoretically going to bring this legislation